SEC Form 4 · accession 0001127602-15-005683
TEAM INC · TISI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ted W Owen
Officer — President & CEO
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 3:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000318833
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 10, 2015 | S | 7,000 | $38.289 | D | 27,140 | D | |
| Common Stock | Feb 10, 2015 | M | 7,000 | $9.23 | A | 34,140 | D | |
| Common StockF2 | holding | — | — | — | 2,512 | I | 401K Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Iso Stock OptionsF3 | $9.23 | Feb 10, 2015 | M | 7,000 | D | — | Aug 12, 2015 | Common Stock | 7,000 | 6,990 | D |
| Restricted Stock UnitsF4,F5 | — | holding | — | — | — | — | Oct 15, 2024 | Common Stock | 8,484 | 8,484 | D |
| Restricted Stock UnitsF4,F6 | — | holding | — | — | — | — | Oct 15, 2023 | Common Stock | 4,781 | 4,781 | D |
| Restricted Stock UnitsF4,F7 | — | holding | — | — | — | — | Oct 15, 2022 | Common Stock | 3,527 | 3,527 | D |
| Restricted Stock UnitsF4,F8 | — | holding | — | — | — | — | Oct 14, 2021 | Common Stock | 2,087 | 2,087 | D |
| Nq Stock OptionsF3 | $30.33 | holding | — | — | — | — | Oct 15, 2017 | Common Stock | 24,000 | 24,000 | D |
| Nq Stock OptionsF3 | $15.27 | holding | — | — | — | — | Oct 17, 2016 | Common Stock | 20,000 | 20,000 | D |
| Nq Stock OptionsF3 | $9.23 | holding | — | — | — | — | Aug 12, 2015 | Common Stock | 10,010 | 10,010 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $38.00 to $38.63. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2Represents estimated shares held in 401K Plan.
- F3Options are fully vested.
- F4Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
- F5Stock Units vest 25% on 11/4/2015, 10/15/2016, 10/15/2017 and 10/15/2018, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the repective vesting schedule.
- F6Stock Units vest 25% on 10/15/2014, 10/15/2015, 10/15/2016 and 10/15/2017, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.
- F7Stock Units vest 25% on 10/15/2013, 10/15/2014, 10/15/2015 and 10/15/2016, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.
- F8Stock Units vest 25% on 10/15/2012, 10/15/2013, 10/15/2014, and 10/15/2015, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.